Transstadia Enterprises Private Limited released a pledge on 16,50,000 equity shares of Setco Automotive on June 18, 2026. The release, representing 1.23% of the total share capital, was executed by Vistra ITCL (India) Limited in its capacity as Debenture Trustee. This action reduces the encumbrance on the promoter's stake, signaling a potential improvement in the financial flexibility of the holding entity.

Pledge Release Details

The disclosure was made to BSE Limited and National Stock Exchange of India Ltd on June 22, 2026, pursuant to Regulations 31(1) & 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The release pertains to shares previously pledged against Non-Convertible Debentures (NCDs) issued by Setco Auto Systems Pvt. Ltd.

The encumbrance was held in favor of India Resurgence Fund - Scheme 1 and India Resurgence Fund - Scheme 2, managed by India Resurgence Asset Management Business Private Limited. Following the release, the post-event holding of encumbered shares for Transstadia Enterprises Private Limited stands at zero.

Setco Automotive Limited disclosed the release of 28.16 lakh equity shares by promoter Harish Kiritbhai Sheth on June 18, 2026. The release was executed by Vistra ITCL (India) Limited as the Debenture Trustee against Non-Convertible Debentures (NCDs) issued by Setco Auto Systems Pvt. Ltd. This action reduces the encumbrance on the promoter's shareholding, leaving a remaining pledged stake of 81,575 shares.

The disclosure was made to the stock exchanges on June 22, 2026, in compliance with Regulations 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The release pertains to shares of ₹2 each. The entities in whose favor the shares were previously encumbered include India Resurgence Fund - Scheme 1 and India Resurgence Fund - Scheme 2, managed by India Resurgence Asset Management Business Private Limited, along with the lender Vistra ITCL (India) Limited.

Prior to the release, Harish Kiritbhai Sheth held 28,97,575 shares, amounting to 2.17% of the total share capital, all of which were encumbered. The release of 28,16,000 shares constitutes 2.11% of the total share capital. The post-event holding of encumbered shares now stands at 81,575 shares, or 0.06% of the total share capital.

The filing also details the holdings of other promoters and Persons Acting in Concert (PAC). Urja Harshal Shah holds 42,84,725 shares (3.20%), Sneha Harish Sheth holds 35,37,400 shares (2.64%), and Udit Harish Sheth holds 27,62,863 shares (2.07%). Harish Kiritbhai Sheth HUF holds 61,080 shares (0.05%). Additionally, Setco Engineering Pvt. Ltd. holds 6,40,63,845 shares (47.89%), and TransStadia Enterprises Private Limited holds 16,50,000 shares (1.23%). None of these entities reported any encumbrance or release of encumbrance in this filing.

Details of Encumbrance Release

Promoter Holding Summary